Scotto Partners advises the founders of the Akuo Group in strengthening their independence strategy with the support of ICG

PRESS RELEASE

The founders of the Akuo Group completed the buyout of the shares previously held by their reference shareholder Colam Entreprendre and by other minority shareholders. ICG Infra, the infrastructure fund of the ICG Group, has agreed to provide the financial means to the founders of the Akuo Group for this takeover.

Akuo is an independent global renewable energy power producer and developer. The company is present across the entire value chain, including project development, financing, construction, and operation. As of end 2021, Akuo had invested more than EUR 2.8 billion for a current total capacity of 1.4 GW in operation or under construction and had over 5 GW of projects under development. With more than 450 employees, the Group, headquartered in Paris, France, has a presence in over 15 countries around the world. For more information,

ICG Infra, the infrastructure fund of the ICG Group, will accompany the founders in this new phase of the company's history and will support the Group's future growth, notably by providing additional financial resources.

As part of this deal, the founders of the Akuo Group were advised by Scotto Partners with a team lead by Coralie Oger (partner) assisted by Pierre-Alexandre Schnyder as to corporate/M&A matters, Jérôme Commerçon (partner) assisted by Julien Pardieu (Counsel) for the tax-related aspects as well as Bertrand Thibaut (Counsel) and Alban Tourneux on employment law.

Other legal advisors:

Ayache (Olivier Tordjman, Gwenaëlle de Kerviler (partners), Mikaël Brainenberg and Marie Forray) advised ICG Infra.

Winston & Strawn (Nicolas Di Giovanni (partner) and Aurélie Camard) advised Colam Entreprendre.